Civeo Co. (NYSE:CVEO) Plans Quarterly Dividend of $0.25

Civeo Co. (NYSE:CVEO) announced a quarterly dividend on Friday, January 31st,RTT News reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.25 per share by the business services provider on Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 4.25%.

Civeo has a dividend payout ratio of 144.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Civeo to earn $0.40 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 250.0%.

Civeo Trading Up 0.0 %

NYSE:CVEO opened at $23.56 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $23.17 and its 200-day simple moving average is $25.56. Civeo has a 12-month low of $21.15 and a 12-month high of $28.92. The firm has a market cap of $324.37 million, a P/E ratio of 16.83 and a beta of 1.99.

Civeo (NYSE:CVEO) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.38). Civeo had a net margin of 3.00% and a return on equity of 0.11%. The firm had revenue of $176.34 million during the quarter, compared to analyst estimates of $172.59 million. During the same period in the prior year, the firm posted $0.61 earnings per share. Equities analysts anticipate that Civeo will post -0.58 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.